John Z. Zhang - 15 Apr 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP&GM Display, MCE & Asia
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
15 Apr 2024
Net transactions value
-$370,630
Form type
4
Filing time
17 Apr 2024, 15:50:04 UTC
Previous filing
03 Apr 2024
Next filing
02 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +9,548 +76% $0.000000 22,094 15 Apr 2024 Direct
transaction GLW Common Stock Options Exercise $0 +13,652 +62% $0.000000 35,746 15 Apr 2024 Direct
transaction GLW Common Stock Tax liability $370,630 -11,845 -33% $31.29 23,901 15 Apr 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GLW Restricted Stock Unit Options Exercise $0 -9,548 -100% $0.000000* 0 15 Apr 2024 Common Stock 9,548 Direct F1, F10
transaction GLW Performance Share Unit Options Exercise $0 -13,652 -100% $0.000000* 0 15 Apr 2024 Common Stock 13,652 Direct F4, F11
holding GLW Restricted Stock Unit 9,902 15 Apr 2024 Common Stock 9,902 Direct F1, F2
holding GLW Restricted Stock Unit 721 15 Apr 2024 Common Stock 721 Direct F1, F3
holding GLW Performance Share Unit 6,822 15 Apr 2024 Common Stock 6,822 Direct F4, F5
holding GLW Performance Share Unit 4,759 15 Apr 2024 Common Stock 4,759 Direct F4, F6
holding GLW Restricted Stock Unit 14,439 15 Apr 2024 Common Stock 14,439 Direct F1, F7
holding GLW Restricted Stock Unit 22,498 15 Apr 2024 Common Stock 22,498 Direct F1, F8
holding GLW Restricted Stock Unit 18,884 15 Apr 2024 Common Stock 18,884 Direct F1, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F2 The restricted stock units (RSUs) granted on February 8, 2023 will vest 1/3 after 1 year from the grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
F3 The restricted stock units (RSUs) granted on February 8, 2023 will vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F4 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F5 Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F6 Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F7 The restricted stock units (RSUs) vest 100% on April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F8 The restricted stock units (RSUs) vest 100% on April 15, 2027. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F9 The restricted stock units (RSUs) vest 100% on April 15, 2026. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F10 The restricted stock units (RSUs) vested 100% on April 15, 2024.
F11 The performance share units (PSUs) vested 100% on April 15, 2024.